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Posted on Aug 29, 2024

Dyl Inc.'s bonds currently sell for $890 and have a par value of $1,000. They pay a $75 annual coupon and have a 15-year maturity,

Dyl Inc.'s bonds currently sell for $890 and have a par value of $1,000. They pay a $75 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,130. What is their yield to maturity (YTM)?

a. 9.64%

b. 8.85%

c. 8.91%

d. 5.97%

e. 8.43%

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